Diversified Healthcare Trust (NASDAQ:DHCNL – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 23,084 shares, a decrease of 43.2% from the September 30th total of 40,616 shares. Based on an average trading volume of 16,894 shares, the days-to-cover ratio is currently 1.4 days.
Diversified Healthcare Trust Stock Performance
NASDAQ DHCNL traded down $0.16 during mid-day trading on Monday, hitting $19.58. The company’s stock had a trading volume of 14,088 shares, compared to its average volume of 26,646. The company’s 50 day simple moving average is $18.50 and its 200 day simple moving average is $18.55. Diversified Healthcare Trust has a twelve month low of $17.00 and a twelve month high of $21.00.
Diversified Healthcare Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Sunday, November 15th will be paid a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, November 13th.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Diversified Healthcare Trust from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.
Read Our Latest Stock Analysis on Diversified Healthcare Trust
Diversified Healthcare Trust (NASDAQ:DHCNL) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes life science and medical office buildings, as well as senior living communities and other healthcare-oriented properties.
The company leases space to healthcare providers, medical organizations, life science companies and senior living operators. Its properties are located across multiple U.S. markets and are intended to support a range of healthcare delivery, research and senior care activities.
Founded in 1999 as Senior Housing Properties Trust, the company adopted the Diversified Healthcare Trust name in 2019 as its portfolio expanded beyond senior housing.
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